yes something like that. the only flaw with uma is that institutions can limit to only other uma wallets.
some like ripio haven't, but some like xapo have. the question is what will nubank do now that they announced they will adopt uma.
I agree, I think the best thing we have now is https://www.uma.me/, so that regulated institutions can use Bitcoin and people can send bitcoins receive fiat or even Bitcoin on their banks.
UMA is implementing Nostr Wallet Connect, so people will be able to connect banks with apps and receive or pay in fiat, all using bitcoin liquidity.
Discussion
oh and btw where did you hear about nostr wallet connect and uma? didn't hear they will integrate it
On their github. I will find the link and post here.
awesome!
Probably the legislators will, in the near future, require that withdraws be possible only to other UMA address, because the KYC. But you know, government will always try to control and we are still free to use bitcoin out of regulated banks or institutions. Because this, I think we need to make layers 2, Drivechains...
But I think is good to have regulated institutions using bitcoin to help solve a problem and people using Bitcoin even without knowing about it.